abrdn (LON:ABDN) Rating Increased to Sector perform at Royal Bank Of Canada

Key Points

• abrdn shares were upgraded to a "sector perform" rating by the Royal Bank Of Canada, with a new price target of GBX 195, indicating a slight potential downside from its previous close.
• Other analysts have also revised their price objectives, with targets ranging from GBX 180 to GBX 240, resulting in a consensus rating of "Hold" and an average target price of GBX 206.60.
• The company's recent quarterly earnings report showed an EPS of GBX 7.60, with a predicted annual EPS of approximately 15.23 for the current fiscal year.

abrdn (LON:ABDN - Get Free Report) was upgraded by Royal Bank Of Canada to a "sector perform" rating in a report released on Wednesday, Marketbeat Ratings reports. The brokerage presently has a GBX 195 target price on the stock, up from their previous target price of GBX 140. Royal Bank Of Canada's target price points to a potential downside of 2.60% from the stock's current price.

ABDN has been the subject of a number of other research reports. Citigroup upped their price objective on shares of abrdn from GBX 195 to GBX 200 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of abrdn in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of abrdn from GBX 210 to GBX 240 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group upped their price objective on shares of abrdn from GBX 175 to GBX 180 and gave the stock a "hold" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, abrdn has a consensus rating of "Hold" and an average target price of GBX 206.60.

abrdn Stock Performance

Shares of ABDN stock traded up GBX 3.90 on Wednesday, hitting GBX 200.20. The company had a trading volume of 2,354,897 shares, compared to its average volume of 8,774,015. The firm has a market cap of £3.58 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25. The company has a 50-day moving average price of GBX 195.02 and a 200-day moving average price of GBX 172.28. The company has a quick ratio of 24.97, a current ratio of 225.80 and a debt-to-equity ratio of 12.25. abrdn has a twelve month low of GBX 120.80 and a twelve month high of GBX 206.80.

abrdn (LON:ABDN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported GBX 7.60 earnings per share (EPS) for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. As a group, equities research analysts predict that abrdn will post 15.2266152 earnings per share for the current fiscal year.

abrdn Company Profile

Aberdeen is a Wealth & Investments group that connects investors to the expertise, tools, and solutions they need to grow and manage their wealth with confidence. We are structured around three businesses – interactive investor, Adviser and Investments. As a diversified group, we have positioned ourselves for growth in a changing investment landscape.